Industry Overview: Banking is a Good industry where you can earn money. But for that, you need to do the right things. The reason is that Banking is not Manufacturing, where you buy Raw material, process it, and then manufacture something else. Banking is simply the process of earning money from the money you have. If you do it right, you are the winner. The most crucial thing in this is pretty simple. Make successful Formula and keep repeating it until you succeed. In the language of Saurabh Mukherjee, Ambit Capital, The word repeatedly mentioned in the context of HDFCBANK is execution. I am sorry for directly coming on the company analysis. When the Company is HDFCBANK, it isn’t easy to talk much about the industry.
Company overview: HDFC BANK Is one of the leading banks in India. If the employee, HR or whatever you may call it, is the Asset for Bank, then HDFC BANK is one of the best in it, Just like Axis and ICICI bank. But the best thing is what they did with it. They develop one of the best banks. That bank came up with the first online banking software for Centralised Banking. The HDFC BANK realized the importance of CASA deposits and Started giving Checkbooks facilities to Customers of cooperative Banks in its early days. But the best thing, as per me, what makes them ahead of others is offering loans to only BlueChip customers, i.e., Big businesses, at one of the lowest rates.
There are also some concerns with HDFCBANK. From day one, the strategy of HDFC BANK revolved around superior technology, and it was the bank that came up with mobile banking. Axis Bank and ICICI bank are catching up. Axis pingpay or ICICI pocket are suitable applications. Recent Developments in banking and technology like UPI, Make it easy for all the customers to transact. So axis and ICICI are looking better placed. HDFCBANK is a big name in POS terminals (Also known as Card swipe machines) and credit card businesses. The bank is also losing its CASA Leader Slot. The retail deposit in the last 15 years, HDFC BANK, registered 30% CAGR and 80% of its total deposit are retail.
But the bank is still receiving a good response from Investors. But the subsidiaries and The fee payment from HDFC are helping them. HDFCBANK owns a 100% Stake in HDFC securities and holds a Stake in one ARC, which allows it to remove stressed assets. The secret behind low NPA and having zero stressed assets portfolio. In FY04, the bank made a deal with HDFC to become a distributor of the home loan for a fee of 0.7% of the loan, with the right to Buyback 70% of the loan originated by it.
The most important thing about banks was when there was a difficult time for big banks like ICICI, it hardly affected. So as the worst is looking behind, HDFC is looking better than ICICI BANK.
SHAREHOLDING: BSE Data
Financials and Ratios
[table id=6 /]
Future Prospects: India Know HDFC bank. Many people have faith in them. Having parent like Housing Development Finance Corporation is essential as the banking business always needs a capital infusion. Future clarity and high Return on Assets are vital, which HDFC bank keeps very quickly while maintaining the lowest possible NPA in the industry. A continuous growth rate of 20% is critical, but when MD and CEO Aaditya Puri mentioned that 30% is also likely, it is clear that the Future is looking Good.